Azerbaijan not foresee serious macroeconomic risks-Elman Rustamov

Azerbaijan not foresee serious macroeconomic risks-Elman Rustamov

The Azerbaijani Central Bank (CBA) does not foresee serious macroeconomic risks for the economy in the medium term, CBA chairman Elman Rustamov said in Parliament today while discussing the draft state budget for 2012 and subsequent three years.

He also noted that, state budget project for next year was developed at high level: "It has durability. Budget expenses reach 37% of national product and this is the limit of G20. oil base prices is conservative, which IMF forecast makes $102. Social programs are realized and continued. We don’t stop any social program and decrease the rate. Budget expenditures are technical"-Rustamov said.

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